Texas Instruments Incorporated (NASDAQ:TXN) Stake Increased by Heartland Advisors Inc.

Heartland Advisors Inc. boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 13.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,868 shares of the semiconductor company’s stock after buying an additional 1,302 shares during the period. Heartland Advisors Inc.’s holdings in Texas Instruments were worth $2,038,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of TXN. DnB Asset Management AS lifted its position in shares of Texas Instruments by 14.5% in the fourth quarter. DnB Asset Management AS now owns 293,182 shares of the semiconductor company’s stock worth $54,975,000 after purchasing an additional 37,032 shares in the last quarter. Level Four Advisory Services LLC boosted its stake in shares of Texas Instruments by 0.4% during the 4th quarter. Level Four Advisory Services LLC now owns 45,140 shares of the semiconductor company’s stock valued at $8,464,000 after buying an additional 198 shares during the period. Vertex Planning Partners LLC grew its holdings in shares of Texas Instruments by 16.5% during the 4th quarter. Vertex Planning Partners LLC now owns 1,337 shares of the semiconductor company’s stock valued at $251,000 after acquiring an additional 189 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in shares of Texas Instruments by 13.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 563,579 shares of the semiconductor company’s stock worth $105,677,000 after acquiring an additional 67,416 shares during the last quarter. Finally, Broadway Wealth Solutions Inc. purchased a new stake in shares of Texas Instruments during the fourth quarter worth $242,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TXN has been the topic of a number of recent research reports. Mizuho lowered their target price on Texas Instruments from $200.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. Wells Fargo & Company lowered their price target on Texas Instruments from $215.00 to $208.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Benchmark restated a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research note on Friday, January 24th. Finally, Truist Financial decreased their price objective on shares of Texas Instruments from $199.00 to $195.00 and set a “hold” rating for the company in a report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and a consensus target price of $209.20.

Texas Instruments Stock Performance

NASDAQ:TXN opened at $176.33 on Friday. The company has a quick ratio of 2.88, a current ratio of 4.12 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $160.45 billion, a PE ratio of 33.97, a price-to-earnings-growth ratio of 3.30 and a beta of 0.98. Texas Instruments Incorporated has a 12-month low of $159.11 and a 12-month high of $220.39. The firm has a 50-day moving average price of $186.45 and a 200 day moving average price of $194.71.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Thursday, January 23rd. The semiconductor company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period in the prior year, the company posted $1.49 EPS. Research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Friday, January 31st were given a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Friday, January 31st. Texas Instruments’s payout ratio is presently 104.82%.

Insiders Place Their Bets

In related news, Director Mark A. Blinn sold 590 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the transaction, the director now owns 11,717 shares in the company, valued at $2,117,379.07. This trade represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Richard K. Templeton sold 97,000 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $202.72, for a total value of $19,663,840.00. Following the sale, the chairman now directly owns 409,089 shares of the company’s stock, valued at $82,930,522.08. This represents a 19.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 297,655 shares of company stock valued at $59,841,304. Insiders own 0.57% of the company’s stock.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.